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account payable in T account? Required information [ The following information applies to the questions displayed below. ] The accounts and balances for Paw Prints

account payable in T account?

Required information

[The following information applies to the questions displayed below.]

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.

Cash 19,750 Fees Income -0-
Accounts Receivable 870 Rent Expense -0-
Office Equipment 2,700 Utilities Expense -0-
Supplies 270 Salaries Expense -0-
Accounts Payable 1,700
Kelly Connor, Capital 21,890
Kelly Connor, Drawing -0-

The following transactions occurred during the month of November.

  1. Collected $370 from credit customers.
  2. Issued a check for $700 for November's rent.
  3. Paid $1,790 for salaries.
  4. The owner withdrew $580 in cash for personal expenses.
  5. Issued a check for $220 to pay the monthly utility bill.
  6. Received $2,735 in cash for services performed.
  7. Purchased office equipment for $1,370 on credit.

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